The EIB, the European Union's bank, is seeking to recruit for its Risk ManagementDirectorate – Operations Department – PFI Division – C2U Unit, at its headquarters in Luxembourg, a:
Credit Risk Officer
This is a full time temporary position at grade 4/5
The term of this contract will be 1 year; as this is a temporary replacement assignment, no extension or conversion of the contract is foreseen
Panel interviews are anticipated for mid-December / beginning of January.
The EIB offers fixed-term contracts of up to a maximum of 6 years, according to business needs,
with a possibility to convert to a permanent contract, subject to organisational requirements and individual performance.
Purpose
To provide credit opinions on proposed new operations and changes of existing operations, in accordance with the bank’s Credit Risk Guidelines (CRG) and with the aim of maintaining the credit quality of a highly diversified portfolio of transactions. CRO will also propose and participate in discussions on changes to the CRG, contribute to the on-going development of internal rating methodologies and departmental procedures. The work is dynamic, covering a broad range of transaction types in diverse geographical locations.
Operating Network
You will report to the Head of Unit, and will work in close cooperation with the other Division members.
You will have extensive contacts with colleagues in Risk Management, Front Office Lending, Transaction Monitoring, Legal Department as well as, occasionally, with external counterparts.
You will also maintain contact with Rating Agencies, and other relevant external information sources.
Specific Post Environment
The RISK Management (RM) Directorate is the EIB’s independent risk assessment team for new and existing lending, funding and treasury operations. RM provides policies, second opinions on individual proposals, an EIB-wide portfolio view and reporting, seeking to apply Best Banking Practices. Within RM the PFI division provides credit opinions on projects within Public Sector Entities and Financial Institutions.
Accountabilities
Among your responsibilities will be to:
-
Independently evaluate and monitor the credit risk associated with loans and guarantees in standard and structured operations, in line with guidelines and procedures for the department. This includes:
- Assess credit risk, formulate opinions on credit proposals, review and validate counterpart ratings and credit limits, and establish risk pricing.
- Propose security/collateral requirements and risk mitigating clauses.
- Review legal documentation from a credit risk standpoint.
- Coordinate with other operational departments in structuring and mitigating credit risk.
- Closely follow and report on counterparts/transactions requiring special attention.
- Check the quality and correctness of credit risk related data input into various IT systems.
- Take care of credit risk related enquiries from within the Bank and provide solutions.
- Ensure good relationships with internal clients and appropriate internal cooperation and communication.
- Maintain awareness of latest developments and share learning and innovation on risk management methodologies within RM and in the Bank.
Qualifications
- University degree, preferably in finance, business administration or law.
- Post-graduate education would be an asset.
- Minimum 3 years of relevant professional experience in credit risk assessment of and/or lending to banks and/or the public sector.
- Proficiency in analysing the credit risk of financial institutions or public sector counterparts.
- Experience with credit risk assessment methodologies and rating agency criteria.
- Knowledge of the Bank’s standard computer applications, as well as the specific IT applications supporting operations.
- Excellent knowledge of English. Knowledge of any other EU language would be an advantage.
Competencies
- Achievement Drive: Continually keeps an eye on performance, focusing on improving it, showing drive and determination to meet short and long-term goals.
- Change Orientation: Adapts to differences and changes in the environment; takes a flexible approach to reach outcomes.
- Collaboration: Works cooperatively as part of a team; works collaboratively with peers across organisational boundaries based on a genuine interest in and an accurate understanding of others and their individual perspectives and concerns.
- Organisational Commitment: Is willing to commit to an organisation whose mission is to support Europe and is open to diversity, and to align her/his own behaviour with the organisation’s needs and intrinsic values, acting with integrity in ways that promote the organisation’s mission, policies and rules.
(*) There may be certain flexibility on this requirement, but limited to particularly suitable candidates who may not yet be proficient in French. If selected, such candidates will be hired on the condition that they build up rapidly knowledge of French and accept that their future career in the EIB may be subject to the attainment of sufficient proficiency in both of the Bank's working languages
We are an equal opportunity employer, who believes that diversity is good for our people and our business. As such, we promote the inclusion of suitably qualified and experienced staff without regard to their gender, age, racial or ethnic origin, religion or beliefs, sexual orientation/identity, or disability (*).
Deadline for applications: 28th November 2018
(*). We particularly welcome applications from women and persons with disabilities.
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